Members of the $780 million Goldenwest Credit Union of Ogden, Utah will receive a 4% APYbonus dividend on shares for the month of December, the CUannounced.
|The bonus dividend payout will total more than $575,000.
|The 83,000-member credit union will pay a 4.2% APY dividend –the CU's monthly 0.2% APY dividend plus its 4% APY bonus dividend –on primary share accounts, secondary share accounts, Christmas Clubshare accounts and IRA share accounts on Dec. 31, 2011.
|The 4% APY bonus dividend is based on the average daily balanceof shares during 2011, the CU said.
|This is the eighth consecutive year for Goldenwest CU to awardits membership with a bonus dividend payout. The CU has paid atotal of $4.5 million in bonus dividends since 2004.
|“Goldenwest continues to remain strong despite the economicdownturn,” Goldenwest CU President/CEO Shelley Clarke said. “Webelieve the tradition of awarding a bonus dividend is an importantpart of our success. As we take care of our members, they take careof us.”
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